Pratt hospice filing bankruptcy reorganization plan

South Wind Hospice, a Pratt-based nonprofit that serves 10 counties, is set to file a bankruptcy reorganization plan soon, but not all bondholders are happy with the proposal.

The Hutchinson News reports the hospice filed for bankruptcy protection in November after defaulting on bond payments for debt it used to build a new hospice center in 2005. The hospice also owes back taxes and funds to other creditors.

The plan calls for the hospice to borrow money from a local lender to pay some but not all of what is owed to bondholders. But some bondholders are calling for an alternate plan.